Emerald Advisers LLC lifted its position in shares of Twitter Inc (NYSE:TWTR) by 46.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,980 shares of the social networking company’s stock after buying an additional 5,980 shares during the quarter. Emerald Advisers LLC’s holdings in Twitter were worth $545,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Eagle Asset Management Inc. acquired a new position in Twitter in the third quarter valued at about $67,655,000. Vanguard Group Inc grew its position in Twitter by 2.7% in the third quarter. Vanguard Group Inc now owns 70,255,589 shares of the social networking company’s stock valued at $1,999,474,000 after acquiring an additional 1,830,649 shares during the last quarter. Vanguard Group Inc. grew its position in Twitter by 2.7% in the third quarter. Vanguard Group Inc. now owns 70,255,589 shares of the social networking company’s stock valued at $1,999,474,000 after acquiring an additional 1,830,649 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Twitter by 42.9% in the third quarter. The Manufacturers Life Insurance Company now owns 6,011,350 shares of the social networking company’s stock valued at $171,083,000 after acquiring an additional 1,804,706 shares during the last quarter. Finally, Carillon Tower Advisers Inc. grew its position in Twitter by 1,985.3% in the third quarter. Carillon Tower Advisers Inc. now owns 1,828,846 shares of the social networking company’s stock valued at $52,048,000 after acquiring an additional 1,741,146 shares during the last quarter. 64.07% of the stock is owned by institutional investors.
TWTR has been the topic of a number of recent analyst reports. Vertical Group upgraded Twitter from a “hold” rating to a “buy” rating in a research report on Monday, January 28th. Goldman Sachs Group restated a “buy” rating and set a $36.00 price target on shares of Twitter in a report on Friday. Wedbush restated a “hold” rating and set a $37.00 price target on shares of Twitter in a report on Tuesday, October 23rd. Zacks Investment Research restated a “strong-buy” rating and set a $37.00 price target on shares of Twitter in a report on Saturday, November 17th. Finally, upgraded Twitter from a “market perform” rating to an “outperform” rating and set a $37.00 target price on the stock in a report on Friday, October 26th. Two analysts have rated the stock with a sell rating, twenty have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Twitter presently has an average rating of “Hold” and an average price target of $35.13.
NYSE TWTR opened at $30.01 on Friday. The firm has a market capitalization of $22.85 billion, a P/E ratio of 56.62, a P/E/G ratio of 5.01 and a beta of 0.43. The company has a quick ratio of 4.61, a current ratio of 4.69 and a debt-to-equity ratio of 0.26. Twitter Inc has a 12 month low of $26.19 and a 12 month high of $47.79.
Twitter (NYSE:TWTR) last announced its quarterly earnings data on Thursday, February 7th. The social networking company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.15. The firm had revenue of $908.84 million during the quarter, compared to the consensus estimate of $864.87 million. Twitter had a return on equity of 8.08% and a net margin of 39.63%. The business’s revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 EPS. Equities analysts expect that Twitter Inc will post 0.52 EPS for the current year.
In other news, insider Robert Kaiden sold 9,219 shares of the stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $34.15, for a total transaction of $314,828.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Michael Montano sold 1,250 shares of the stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $30.20, for a total value of $37,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,075,100 shares of company stock valued at $227,040,779 in the last quarter. 6.62% of the stock is owned by corporate insiders.
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Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.
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